Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low – Here’s Why

Shares of Nestlé S.A. (OTCMKTS:NSRGY) hit a new 52-week low during trading on Monday . The stock traded as low as $80.30 and last traded at $81.22, with a volume of 1344648 shares trading hands. The stock had previously closed at $80.65.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nestlé Price Performance

The stock’s 50 day simple moving average is $85.22 and its two-hundred day simple moving average is $95.87.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Canopy Partners LLC increased its stake in shares of Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after buying an additional 147 shares during the period. Studio Investment Management LLC increased its position in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after purchasing an additional 200 shares during the period. Cheviot Value Management LLC raised its holdings in Nestlé by 7.1% during the 2nd quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after purchasing an additional 315 shares during the last quarter. Brooklyn Investment Group acquired a new position in Nestlé during the 3rd quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its stake in shares of Nestlé by 28.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after purchasing an additional 698 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.